SWAN vs. AOK
SWAN (Amplify BlackSwan Growth & Treasury Core ETF) and AOK (iShares Core 30/70 Conservative Allocation ETF) are both Diversified Portfolio funds - SWAN tracks the S-Network BlackSwan Core Index while AOK tracks the S&P Target Risk Conservative Index. Both are passively managed. Over the past 5 years, SWAN returned 2.87%/yr vs 3.59%/yr for AOK. Their correlation of 0.85 suggests significant overlap in exposure. SWAN charges 0.49%/yr vs 0.15%/yr for AOK.
Performance
SWAN vs. AOK - Performance Comparison
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Returns By Period
In the year-to-date period, SWAN achieves a 3.29% return, which is significantly lower than AOK's 3.83% return.
SWAN
- 1D
- -0.65%
- 1M
- -0.50%
- YTD
- 3.29%
- 6M
- 2.73%
- 1Y
- 14.05%
- 3Y*
- 12.19%
- 5Y*
- 2.87%
- 10Y*
- —
AOK
- 1D
- -0.58%
- 1M
- 0.30%
- YTD
- 3.83%
- 6M
- 3.39%
- 1Y
- 11.04%
- 3Y*
- 9.03%
- 5Y*
- 3.59%
- 10Y*
- 5.20%
SWAN vs. AOK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SWAN Amplify BlackSwan Growth & Treasury Core ETF | 3.29% | 13.93% | 13.44% | 12.07% | -27.77% | 10.55% | 16.17% | 22.03% | -2.27% |
AOK iShares Core 30/70 Conservative Allocation ETF | 3.83% | 11.26% | 6.58% | 10.85% | -14.16% | 4.87% | 9.33% | 13.90% | -0.89% |
Correlation
The correlation between SWAN and AOK is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2018 | 0.85 |
The correlation between SWAN and AOK has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.
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Return for Risk
SWAN vs. AOK — Risk / Return Rank
SWAN
AOK
SWAN vs. AOK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify BlackSwan Growth & Treasury Core ETF (SWAN) and iShares Core 30/70 Conservative Allocation ETF (AOK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SWAN | AOK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.35 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 2.46 | -0.46 |
| Martin ratioReturn relative to average drawdown | 7.65 | 10.37 | -2.73 |
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Drawdowns
SWAN vs. AOK - Drawdown Comparison
The maximum SWAN drawdown since its inception was -31.04%, which is greater than AOK's maximum drawdown of -18.94%. Use the drawdown chart below to compare losses from any high point for SWAN and AOK.
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Drawdown Indicators
| SWAN | AOK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.04% | -18.94% | -12.10% |
Max Drawdown (1Y)Largest decline over 1 year | -7.05% | -4.50% | -2.55% |
Max Drawdown (3Y)Largest decline over 3 years | -12.07% | -6.37% | -5.70% |
Max Drawdown (5Y)Largest decline over 5 years | -31.04% | -18.94% | -12.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.94% | — |
Current DrawdownCurrent decline from peak | -2.43% | -0.82% | -1.61% |
Average DrawdownAverage peak-to-trough decline | -8.83% | -2.36% | -6.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 1.07% | +0.77% |
Volatility
SWAN vs. AOK - Volatility Comparison
Amplify BlackSwan Growth & Treasury Core ETF (SWAN) has a higher volatility of 3.97% compared to iShares Core 30/70 Conservative Allocation ETF (AOK) at 2.25%. This indicates that SWAN's price experiences larger fluctuations and is considered to be riskier than AOK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWAN | AOK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 2.25% | +1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 7.97% | 4.85% | +3.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.00% | 6.01% | +3.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.43% | 7.15% | +4.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.49% | 6.72% | +5.77% |
SWAN vs. AOK - Expense Ratio Comparison
SWAN has a 0.49% expense ratio, which is higher than AOK's 0.15% expense ratio.
Dividends
SWAN vs. AOK - Dividend Comparison
SWAN's dividend yield for the trailing twelve months is around 2.84%, less than AOK's 3.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOK iShares Core 30/70 Conservative Allocation ETF | 3.29% | 3.28% | 3.23% | 2.93% | 2.25% | 1.55% | 2.10% | 2.71% | 2.68% | 2.91% | 2.14% | 2.02% |
SWAN Amplify BlackSwan Growth & Treasury Core ETF | 2.84% | 2.86% | 2.54% | 2.98% | 2.12% | 5.04% | 1.64% | 3.69% | 0.29% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SWAN and AOK have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SWAN has higher volatility (3.97%) compared to AOK (2.25%). In terms of maximum drawdown, SWAN dropped -31.04% vs AOK's -18.94%.
On 5-year performance, AOK leads with 3.59% vs 2.87% for SWAN. On fees, AOK is cheaper at 0.15% per year. On volatility, AOK has been the lower-risk option at 2.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AOK has performed better with a 3.59% return vs 2.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AOK is cheaper with a 0.15% expense ratio, compared with 0.49% for SWAN.
AOK has the higher dividend yield at 3.29%, compared with 2.84% for SWAN.
SWAN tracks S-Network BlackSwan Core Index, while AOK tracks S&P Target Risk Conservative Index. They also come from different issuers: Amplify and iShares. Their fees differ too: 0.49% for SWAN and 0.15% for AOK.
AOK currently has the higher Sharpe Ratio (1.84 vs 1.42), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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